A Lesson in Crony Capitalism

Steve Stanek is a research fellow at The Heartland Institute and a former managing editor of two Heartland publications, "Budget & Tax News" and "Finance, Insurance & Real Estate News." Stanek's articles have appeared in numerous local, state and national publications since he began writing for Heartland in 2003, and he has been a frequent guest on local and national radio and television programs discussing government budget and regulatory issues.

Former Congressman and Reagan Administration Budget Director David Stockman roasts corporations that are fattening themselves at the trough of crony capitalism. This discussion with Bill Moyers is well worth watching. You’ll learn why government bailouts and corporate welfare are so harmful to the economy, corrupting of government, and dispiriting to business people and consumers who believe in free enterprise.